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Premier Energies IPO: Key Insights Ahead of August 27 Launch

Premier Energies IPO: Key Insights Ahead of August 27 Launch

Premier Energies' IPO is set to open on August 27, 2024, aiming to raise Rs 2,830.40 crore. The initial public offering includes a fresh issue of 28.7 million shares and an offer for sale, with notable investors like South Asia Growth Fund II Holdings LLC selling significant stakes.

The IPO's grey market premium (GMP) is around Rs 190, reflecting strong investor interest. Funds from the IPO will support the establishment of a 4 GW Solar PV manufacturing facility in Hyderabad. The price band is Rs 427-450 per share, with a lot size of 33 shares. 

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